In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The cheapest F-150 Lightning, the $59,974 Pro base model was sold out for the 2023 Model Year at 10:30 a.m. Eastern on 9 May 2023. Conversely, the more expensive XLT, Lariat, and Platinum were still available on 9 May 2023.
The Mach-E’s success excites investors because Ford (NYSE: F) is planning two potentially more popular electric vehicles.
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Assessing Rivian’s value is tough because the company just went public on 10 November 2021.
The F-150 Lightning could be powerful because it has two electric motors. They claim the F-150 Lightning offers 563 horsepower and 775 pound feet of torque. Among other things, Ford claims the F-150 Lightning has 10,000 pounds of towing capacity. You could also haul 2,000 pounds in the bed.
I think Ford’s electric lineup is better than Tesla’s because they compose it of vehicles ordinary Americans might drive.
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Thus, Ford is a cash-rich company with shares that traded at $6.91 on 27 August 2020. For instance, Ford reported $269.366 billion in total assets on 30 June 2020.
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Those looking for a stock to short need to take note. Lockheed could collapse totally if the drone attack leads to peace in the Middle East and a US pullout from that region. To clarify, I suspect a massive cutback in American military forces and spending will follow any U.S. pullout from the Middle East.
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This could give Ford an advantage because it has street cred in Middle America; and middle Canada, unlike Tesla Motors (NASDAQ: TSLA) and the startup Rivian. Importantly, Ford demonstrates it has a working electric pickup, while Tesla’s “cyberpunk pickup” is still on the drawing board.
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General Motors itself recognizes these realities; it has launched a short-term rental service called Maven. Maven is an app-based company that boasts it can provide: “Cars to Fit Your Every Need.” If you need a van, a minivan, a pickup truck, an SUV, an econobox, or a station wagon you can order it at the touch of an app.
The future is cars on tap or cars on the app and General Motors is there. Some of Maven’s marketing claims include; “Free from cost of ownership,” “never pay for gas and insurance,” and “Don’t worry about vehicle maintenance.” Anybody who has ever worried about covering the cost of a car insurance payment, new tires, or a tank of gas will find those claims appealing.
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It goes without saying that Ford will be in a great position to buy up the remains of Tesla when it finally collapses.
Until then Ford and its competitors are enjoying some great auto sales. Americans purchased 17.4 million vehicles in November 2017, down slightly from 18.1 million in vehicles in October and 18.6 million in September, The Detroit Free Press reported.
More importantly, Ford’s sales rose by 6.7% in November while those at competitors fell. Fiat Chrysler’s (NYSE: FCAU) sales fell by 4% and General Motors’ (NYSE: GM) slid by 2.9%.
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